Malaysia: Q3 GDP Growth Confirmed at a Year High.

Malaysia’s economy expanded by 5.2% year-on-year in Q3 2025, confirming preliminary estimates and accelerating from 4.4% growth in the previous quarter. This marks the strongest economic expansion in a year, driven by higher output in manufacturing (4.1% vs 3.7% in Q2) and a rebound in mining and quarrying (9.7% vs -5.2%). Meanwhile, growth slowed sharply in agriculture (0.4% vs 2.5%), and, to a lesser extent, in construction (11.8% vs 12.1%) and services (5% vs 5.1%). On the expenditure side, government spending picked up (7.1% vs 6.4%), the fastest since Q2 2024, and net trade contributed positively, with exports rising 1.4% (vs 2.6%) while imports grew more slowly at 0.4% (vs 6.6%). Conversely, Growth slowed for private consumption (5% vs 5.3%), and fixed investments recorded their softest pace in nearly two years (7.4% vs 12.1%). On a quarterly basis, the economy expanded 2.4%, the strongest since Q2 2022, following a revised 2.2% growth in the prior quarter.